Muscat: Investor enthusiasm propelled the Muscat Stock Exchange to new heights, as reflected in the increased market value of listed securities, which rose to RO 24 billion and 159 million by the end of last week. This marked a weekly gain of RO 76.2 million, showcasing the growing confidence and interest in the stock market.

Among the standout performers, Barka Water and Power shares increased 35 per cent, closing at 88 baisas, while SNN Power Holding shares rose 29 per cent, closing at 249 baisas. These positive movements contributed significantly to the overall market sentiment, indicating a robust trading week.

However, certain stocks experienced declines amidst the gains, with Oman Cement stock notably falling by 11.9 percent and closing at 502 baisas. Despite this setback, overall market resilience and investor activity remained strong, with 35 securities witnessing price increases, 34 securities seeing declines, and 12 securities stabilizing at their previous levels.

Regarding trading value, SMN Power Holding Company emerged as the most traded company, followed by Bank Muscat and OQ Gas Networks, underscoring the active trading activity across various sectors.

Looking ahead, corporate news from public joint stock companies listed on the Muscat Stock Exchange indicates potential dividend distributions, with companies such as Gulf Mushroom Production, Oman Chrome Company, and OQ Gas Networks considering cash dividends for their shareholders.